Discontinued — last reported Q3 '23
Contract Assets
L3Harris Technologies Contract Assets decreased by 1.0% to $3.53B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 3.1%, from $3.64B to $3.53B. Over 5 years (FY 2021 to FY 2026), Contract Assets shows an upward trend with a 7.9% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong project progress or service delivery ahead of billing cycles; a decrease may indicate slower project completion or faster billing.
Detailed definition
This represents the entity's right to consideration in exchange for goods or services that the entity has transferred to...
Peer comparison
Standard for companies with long-term service or construction-type contracts.
contract_assetsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.65B | $2.81B | $3.02B | $3.11B | $3.05B | $3.14B | $2.99B | $3.27B | $3.16B | $3.48B | $3.20B | $3.50B | $3.21B | $3.40B | $3.23B | $3.64B | $3.86B | $3.68B | $3.57B | $3.53B |
| QoQ Change | — | +6.2% | +7.4% | +3.0% | -2.1% | +2.9% | -4.7% | +9.6% | -3.4% | +9.9% | -8.1% | +9.6% | -8.4% | +6.0% | -5.0% | +12.8% | +5.9% | -4.7% | -3.0% | -1.0% |
| YoY Change | — | — | — | — | +15.1% | +11.4% | -1.1% | +5.2% | +3.8% | +10.9% | +7.0% | +7.0% | +1.4% | -2.2% | +1.1% | +4.0% | +20.2% | +8.1% | +10.4% | -3.1% |
Contract Assets at Other Companies
Frequently Asked Questions
- What is L3Harris Technologies's contract assets?
- L3Harris Technologies (LHX) reported contract assets of $3.53B in Q1 2026.
- How has L3Harris Technologies's contract assets changed year-over-year?
- L3Harris Technologies's contract assets decreased by 3.1% year-over-year, from $3.64B to $3.53B.
- What is the long-term trend for L3Harris Technologies's contract assets?
- Over 5 years (2021 to 2026), L3Harris Technologies's contract assets has grown at a 7.9% compound annual growth rate (CAGR), from $2.44B to $3.57B.
- What does contract assets mean?
- Revenue earned for work performed but not yet billed to the customer.